Hongfa Technology Balance Sheet Health
Financial Health criteria checks 5/6
Hongfa Technology has a total shareholder equity of CN¥11.6B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 25.3%. Its total assets and total liabilities are CN¥19.0B and CN¥7.4B respectively. Hongfa Technology's EBIT is CN¥2.2B making its interest coverage ratio 23.8. It has cash and short-term investments of CN¥2.9B.
Key information
25.3%
Debt to equity ratio
CN¥2.94b
Debt
| Interest coverage ratio | 23.8x |
| Cash | CN¥2.89b |
| Equity | CN¥11.63b |
| Total liabilities | CN¥7.36b |
| Total assets | CN¥18.99b |
Recent financial health updates
Recent updates
Return Trends At Hongfa Technology (SHSE:600885) Aren't Appealing
Oct 03
Is There An Opportunity With Hongfa Technology Co., Ltd.'s (SHSE:600885) 20% Undervaluation?
Sep 05Hongfa Technology (SHSE:600885) Has A Pretty Healthy Balance Sheet
Aug 23Why Hongfa Technology Co., Ltd. (SHSE:600885) Could Be Worth Watching
Aug 05Returns On Capital At Hongfa Technology (SHSE:600885) Have Hit The Brakes
Jul 04Why Investors Shouldn't Be Surprised By Hongfa Technology Co., Ltd.'s (SHSE:600885) Low P/E
Jun 20Does This Valuation Of Hongfa Technology Co., Ltd. (SHSE:600885) Imply Investors Are Overpaying?
May 22Hongfa Technology Co., Ltd. (SHSE:600885) Analysts Are Cutting Their Estimates: Here's What You Need To Know
Apr 02Is Now An Opportune Moment To Examine Hongfa Technology Co., Ltd. (SHSE:600885)?
Mar 26Investors Aren't Buying Hongfa Technology Co., Ltd.'s (SHSE:600885) Earnings
Mar 13Hongfa Technology's (SHSE:600885) Returns On Capital Not Reflecting Well On The Business
Feb 29Financial Position Analysis
Short Term Liabilities: 600885's short term assets (CN¥11.6B) exceed its short term liabilities (CN¥4.6B).
Long Term Liabilities: 600885's short term assets (CN¥11.6B) exceed its long term liabilities (CN¥2.8B).
Debt to Equity History and Analysis
Debt Level: 600885's net debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: 600885's debt to equity ratio has increased from 24.7% to 25.3% over the past 5 years.
Debt Coverage: 600885's debt is well covered by operating cash flow (87.2%).
Interest Coverage: 600885's interest payments on its debt are well covered by EBIT (23.8x coverage).